The Treasury announced on Wednesday it will form a working group with the Federal Reserve and other agencies to shape global central bank digital currency standards amid ongoing interest in a digital dollar, said Under Secretary for Domestic Finance Nellie Liang in remarks delivered to the Atlantic Council on Wednesday.
“We are engaging in the technological development of a CBDC so that we would be able to move forward rapidly if a CBDC were determined to be in the national interest,” Liang said in prepared remarks.
